The tax cuts sponsored by former President Bush are set to expire at the end of next year. That means of course unless Congress and President Obama in their infinite wisdom decide to extend them which is highly unlikely, prepare to bite the proverbial bullet. These cuts saved individual tax payers and cost the government 2.34 trillion. Once these tax cuts expire the top two tax rates up from 33 percent and 35 percent to 36 and 39.6 percent respectively. The average family making 500,000 the tax will be about 6,000 per year for a family making 1 million about 30 per year. Depending on your fiscal orientation you may resist or embrace this change. For those of us who believe the key to growing this economy and truly ending thus recession putting more money back I the hands of John Q.Public is the way to go. For those others who concur with our President government growth and largess is more preferable to an enriched populace. Please remember Uncle Sam, is broke and penniless to the tune of about 4.5 trillion dollars only by taking it from you and I does he have the power to keep spending. One thing for sure is elections have consequences. Please remember there is one constant in this ever changing universe and it is I your friendly REALTOR, if you are buying or selling or know someone who is, the right number to call is 803-917-1893 www.troyott.com you will be glad you did. God Bless and Good Fortune to you all.
Thursday, October 29
Higher Taxes are coming!!!!
Tuesday, October 20
HIGHER JOBLESS RATES COULD BECOME "NEW NORMAL"
I think the present unemployment rate will be permanently higher, or at least higher for the foreseeable future" so says Mark Zandi chief economist and co founder of Moodys Economy.com Hello again friends, a lot of you may not be aware but the above headline is the proverbial 800 pound gorilla in the room that no one wants to talk about. While our state wide unemployment rate holds steady around 12+% the national average is now precariously close to 10% with no signs of abating. Wall Street's principal barometer (the dow) has returned to 10,000 for one day at least while the working people of this great country continue to suffer heavily with no end in sight. The corporate elites have discovered with all their massive recent layoffs they can maintain profitability and productivity with far less folks and have no desire to start rehiring. Those in the know understand this is not an aberration but the new reality, permanent national unemployment at or above 10% INDEFINITELY. Unless we demand more of our elected representatives and choose ones go forward who understand this quagmire, we have no way of undoing this, the evil corporate/ government synergistic cabal threatens us all. The principal question for each and every one of our representatives at the national, state and local level should be, is their paramount focus on the wants, needs and interests of the working people of this country if it is not kick then them to the street, it is now or never. Make yourself heard
Friday, October 16
The Lower Richland Heritage corridor farmers market
The Lower Richland Heritage corridor farmers market will be held this Saturday from 12- 4 PM, the event will be in downtown Hopkins @ 214 Hopkins Road, at the corner of Lower Richland Blvd., y'all come now ya here. Emile Defelice emile.defelice@gmail.com a good friend and one hell of an organic farmer conducts his own robust farmers market on